There's alot more info I could provide and another possible solution but, I guess until I can do some face to face and see how the management reacts, this is all speculation. @ Karen Margrave: I read part 1 right after the last time we talked, just finished 2&3, and can't wait for 4.

Larger properties bring you economies of scale, more stable cash flow, but, typically, less appreciation than a residential (1-4 unit) property (because they are run like a business) ... though in TO, with its condominium addiction, there is plenty of speculation on larger properties as well.

Michael it all depends on what you are trying to do.The cost of the loan being debt service and cap rate being purchased at dictates the spread of cash flow.You will find nicer areas are more speculative that rents will keep rising and you will get appreciation on the back end.

He is a very public figure and just like famous people, politicians, etc, everything in his life is up for speculation.

Appreciation is speculating what will happen in the future.

Buying a program from one of the clowns who: "show up to the property 5 minutes before bid time, speculate as to whether there is a pool in the back yard (because they can't hop the fence, or look on google maps), hope the lot next door is included, pay $220k for a house because they can maybe make $12K, etc. etc."

The analysis used in any model should not be so complicated and intensive that it diminishes the economic benefit of the solution or complicate beyond the alternative process to a solution.Just saying, this thread is more about possibilities than what is practical for a small investor, maybe a bit of grandiose thinking, or just speculative thought in analytical approaches for the fun of it.

Our business gas been selling land positions during this unprecedented downturn, leaving me with no income so now I am buying properties to fix and hold or sell-----anyway.Land is very speculative and you really need a good working knowledge about the whole process .

I tried to buy a few REOs with cash and no contingencies and was iced out due to multiple offers.The question is, rather than holding on speculation for better times.

If anyone could speculate on typical reasons as to why a large number of units like this might go completely vacant that would be educational for me.Also, in general, in your experience when someone says it "needs a rehab" are they talking about spending $500 or $5000 per unit?